One of Guyana’s most lucrative traditional sectors, rice, continues to show positive prospects for the nation, raking in over US$13 million in just two months.
The rice sector has earned almost US $13.5 Million from the exportation of some 28,936 tonnes of paddy, rice, and rice by-products between January and February, 2021.
Approximately 6,020 farmers produce the grain in several regions throughout Guyana. Rice accounts for 3.3 per cent of Guyana’s total Gross Domestic Product and 20.5 percent of its GDP agriculture-wise.
Should there be no hindrances, the sector will again contribute significantly to local growth this year, with stakeholders looking to export nearly 650,000 tonnes of paddy, rice and rice-by products, valued at close to US $257.3 million.
